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2023
Flag → Flag
Exports $1.41BRnk 26 / 216
2023
Flag → Flag
Top Product $218MIron Ore
2023
Flag → Flag
Exports $119MRnk 111 / 216
2023
Flag → Flag
Top Product $37.2MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.15Rnk 54 / 132
2023
Flag  
GDP$585BCURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP GROWTH0.14%CURRENT US$
Rnk 170 / 195
2023
Flag
 GDP$514BCURRENT US$
Rnk 27 / 195
2013-2023
Flag
GDP GROWTH28.5%CURRENT US$
Rnk 118 / 195
2023
Flag
GDP PC $55,517CURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP PC GROWTH-8.76%CURRENT US$
Rnk 165 / 195
2023
Flag
GDP PC$49,041CURRENT US$
Rnk 27 / 196
2013-2023
Flag
GDP PC GROWTH-5.73%CURRENT US$
Rnk 161 / 195

About

Sweden-United Arab Emirates Trade: In 2023, Sweden exported $1.41B to United Arab Emirates. The main products that Sweden exported to United Arab Emirates were Iron Ore ($218M), Packaged Medicaments ($189M), and Delivery Trucks ($97M). Over the past 5 years the exports of Sweden to United Arab Emirates have increased at an annualized rate of 11.7%, from $809M in 2018 to $1.41B in 2023.

In 2023, Sweden did not export any services to United Arab Emirates.

United Arab Emirates-Sweden Trade: In 2023, United Arab Emirates exported $119M to Sweden. The main products that United Arab Emirates exported to Sweden were Refined Petroleum ($37.2M), Tug Boats ($16.7M), and Refrigerators ($14M). Over the past 5 years the exports of United Arab Emirates to Sweden have increased at an annualized rate of 5.95%,  from $89M in 2018 to $119M in 2023.

In 2023, United Arab Emirates did not export any services to Sweden.

Comparison: In 2023,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B). That same year, United Arab Emirates ranked 54 in the Economic Complexity Index (ECI 0.15), and 21 in total exports ($357B).

Latest Trends

October, 2024

About

Overview In October 2024, Sweden exported SEK862M and imported SEK54.9M from United Arab Emirates, resulting in a positive trade balance of SEK807M. Between October 2023 and October 2024 the exports of Sweden have decreased by SEK-277M (-24.3%) from SEK1.14B to SEK862M, while imports decreased by SEK-172M (-75.8%) from SEK227M to SEK54.9M.

Trade In October 2024, the top exports of Sweden to United Arab Emirates were Packaged Medicaments (SEK69.1M), Flat Flat-Rolled Steel (SEK52.3M), Cars (SEK41.4M), Sulfate Chemical Woodpulp (SEK28.5M), and Computers (SEK24.4M). In October 2024 the top imports of Sweden from United Arab Emirates were Iron Structures (SEK17.7M), Other Heating Machinery (SEK16.5M), Telephones (SEK12.4M), Jewellery (SEK6.21M), and Scrap Aluminium (SEK2.62M).

Growth In October 2024, the decrease in Sweden's year-by-year exports to United Arab Emirates was explained primarily by an decrease in product exports in Gas Turbines (SEK-19.5M or -99.7%), Packaged Medicaments (SEK-15.6M or -18.4%), and Hard Liquor (SEK-12.1M or -70.8%). In October 2024, the decrease in Sweden's year-by-year imports  from United Arab Emirates was explained primarily by an decrease in product imports  in Computers (SEK-2.02M or -87.3%), Other Aluminium Products (SEK-797k or -88.4%), and Non-Knit Men's Suits (SEK-683k or -97.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)SEK-277M(-24.3%)
IMPORT GROWTH (October 2023 - October 2024)SEK-172M(-75.8%)

This section shows exports and imports data at subnational level for Sweden. Click any date in the line plot or any product to explore the exports or imports behavior of Sweden over time.

To check United Arab Emirates and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore United Arab Emirates and Sweden Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sweden exported $1.41B to United Arab Emirates. The main products exported from Sweden to United Arab Emirates were Iron Ore ($218M), Packaged Medicaments ($189M), and Delivery Trucks ($97M). During the last 5 years the exports of Sweden to United Arab Emirates have increased at an annualized rate of 11.7%, from $809M in 2018 to $1.41B in 2023.

In 2018, United Arab Emirates exported $119M to Sweden. The main products exported from United Arab Emirates to Sweden were Refined Petroleum ($37.2M), Tug Boats ($16.7M), and Refrigerators ($14M). During the last 5 years the exports of United Arab Emirates to Sweden have increased at an annualized rate of 5.95%, from $89M in 2023 to $119M in 2018.

Exports from Sweden (Flag) to United Arab Emirates (Flag) (2023)

Exports from United Arab Emirates (Flag) to Sweden (Flag) (2023)

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
United Arab Emirates
Top DestinationChina$40.2B

This map shows whether countries import more from Sweden or United Arab Emirates. Each country is colored based on the difference in imports they receive from Sweden and United Arab Emirates or the difference in the growth in imports.

In 2023, countries that imported more from Sweden than United Arab Emirates included Denmark ($14.4B), Germany ($18.4B), and United States ($18.1B).

In 2023, countries that imported more from United Arab Emirates than Sweden included India ($38.2B), Japan ($37.4B), and China ($40.2B).

Difference in imports from United Arab Emirates (Flag) and Sweden (Flag) (2023)

Comparative Advantage Sweden - United Arab Emirates

Flow
Scale

This chart compares trade between Sweden and United Arab Emirates by product, considering products traded by both, Sweden and United Arab Emirates.

During 2023, Sweden had a large net trade with United Arab Emirates in the exports of Machines ($338M), Transportation ($275M), and Chemical Products ($249M).

During 2018, United Arab Emirates had a large net trade with Sweden in the exports of Mineral Products ($37.3M), Machines ($30M), and Transportation ($19.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden United Arab Emirates+$56.9MCars
Top Product Potential United Arab Emirates Sweden+$29.7MRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Sweden and United Arab Emirates. This means that a dot/product with the flag of Sweden indicates it has a comparative advantage over United Arab Emirates. Similarly, a dot/product with the flag of United Arab Emirates indicates it has a comparative advantage over Sweden.

Product Space of Sweden (Flag) and United Arab Emirates (Flag) (2023)

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